4 bedroom detached for sale

£675,000 Offers over

4

Bedrooms

2

Bathrooms

Floorplan

Summary

An exciting opportunity to acquire this four double bedroom detached upside down wow house, benefitting far reaching and elevated sea views and down across the entirety of Lancing and beyond. Benefits include separate wc, driveway and double garage, reception rooms with bi fold doors and views, southerly aspect decked raised balcony and ensuite bathroom. Viewing is recommended to appreciate the vast internal accommodation.

Internal

Steps leading up to the front door, providing access into a storm porch suitable for shoes being triple aspect and front door into the hallway with access to the under stairs storage. On this floor, there are four double bedrooms, with ample space for furnishings, two of these bedrooms benefit an easterly aspect, and the other two a westerly aspect. The principle bedroom also has access to an en-suite bathroom comprising bath, sink and wc inset vanity unit and mood lighting. On this floor is the family shower room, benefitting walk in shower cubicle, sink inset vanity unit and wc with underfloor heating and heated towel rail. Stairs lead up to the first floor landing with doors to all rooms and access to a separate wc.To the front of this home span two generously proportioned rooms with the most incredible view out towards the sea and over the whole of Lancing. This prime prominent position offers wonderful views out to enjoy sunsets and sunrises, from both the kitchen and the sitting room. The sitting room benefits a dual aspect, mainly southerly and has bi-folding doors leading out onto the decked balcony, with feature fireplace and space for a dining table and chairs. The kitchen also offers a southerly and easterly aspect with door onto the decked balcony also. With a range of eye and base level units to include a separate breakfast bar with built in oven 5 ring hob, space for fridge freezer and integrated dishwasher. A door from this room leads into the office space suitable for home working.

External

The property is surrounded by gardens, being mainly laid to lawn. There is right of access across the driveway to the private parking and access to the double garage with up and over door. Steps lead up to the front garden and home, giving it the elevated position to benefit the view. The balcony/ decked area is generously proportioned and offers far reaching views to the sea and over the whole of Lancing, a perfect spot to sit and watch the sunrise/set.

Situated

Being located towards the top of the ever popular Mill Road of North Lancing, leading directly to the South Downs National Park. Just a short walk away is Lancing Manor with green and leisure facilities.A short drive away is Lancing shops and train station. The A27 providing access to Brighton, approx 8 miles away and Worthing within approx 3 miles. The school falls within catchment of North Lancing Primary School.Lancing Train station offers fantastic links to London, Brighton and Worthing. The station is approximately 1 mile away.

Council Tax Band F



Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 559575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 16875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 53325
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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